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Fossil Fuel Companies Make Billions in Profit as We Suffer Billions in Losses: 2024 Edition

Union of Concerned Scientists

Last year, I wrote that fossil fuel companies made billions of dollars in profit during 2022 as people around the world suffered billions of dollars in damage from climate and weather related disasters. Above: Lahaina, Hawai’i after the devastating August 2023 wildfire that killed more than 100 people and destroyed 2,700 homes.

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Are carbon taxes a thing of the past?

Legal Planet

Among the targets of the critics is the work of William Nordhaus, who won the Nobel Prize in Economics in 2018 for advancing economic analysis of climate change, and for his steadfast advocacy of a carbon tax. I think these political constraints are a key reason economists focused so long – too long – on carbon pricing.

Politics 246
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Climate Change Accountability: How International Courts Can Drive Climate Action

Union of Concerned Scientists

Fossil fuel companies are well established as founts of disinformation , agents of obstruction, and drivers of climate change. From Pulitzer-prize winning investigations to groundbreaking scholarly research , the evidence of their knowledge and deception is irrefutable.

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Climate Reality vs. Public Perception: Will Toxic Haze and the 2023 Danger Season Make a Difference?

Union of Concerned Scientists

Disinformation dulls urgency Climate change denial and skepticism is a key feature of the deep political divide in this nation, fueled by long-running and coordinated campaigns of disinformation , often funded by fossil fuel interests. This has got nothing to do with climate.This is not because of fossil fuels.”

2023 290
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Decolonization Is Critical for Puerto Rico to Achieve Representation in Climate Negotiations

Union of Concerned Scientists

So it really is no surprise that Puerto Rico is among the three countries that were most impacted by climate change between 1999 and 2018, according to Germanwatch. In contrast, powerful non-state actors such as fossil fuel interests have an outsized and growing influence and presence at COPs, blocking the path to climate justice.

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Mine Cleanup Law Weakened By Coal’s Decline

Circle of Blue

Coal mine reclamation has become a flashpoint in the partisan divide over fossil fuel use. Illinois keeps about $8,000 per acre in bonding, according to 2018 data published by Climate Home News, and Indiana and Kentucky had only about $4,000 per acre. . A Political Quagmire. The actual cost of reclamation is far greater.

Law 276
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Canada joins historic commitment to end international fossil fuel finance by end of 2022

Enviromental Defense

If honored, this commitment will likely unseat Canada as the worst-ranking in the G20 for international public financing to the fossil fuel sector. . After a wave of commitments to end international coal finance this year, this is the first international political commitment that also addresses public finance for oil and gas.